Phillips Smith & Dunn property auctions
North Devon estate agency with over 100 years' history and offices in Barnstaple, Braunton and Bideford; specialises in selling North Devon homes, rural property, farms and land at live public auctions. When you find a lot, we arrange the finance: a whole-of-market broker, not a lender, with indicative terms in 24 hours, built for the auction deadline.
Phillips Smith & Dunn at a glance
- Coverage: Regional — South West
- Property types: Agricultural, Land, Residential
- Auction methods: Traditional
- Based in: Barnstaple, South West
- Website: phillipsland.com ↗
How auction finance works for Phillips Smith & Dunn lots
At a Phillips Smith & Dunn auction, the hammer is an exchange of contracts: you pay a deposit on the day and complete inside the catalogue deadline, usually 28 days (20 on some lots). A standard mortgage rarely moves that fast, which is why most bidders use auction finance or a bridging loan. Bring us the lot and the catalogue before you bid and we shop a panel of 100+ lenders for an indicative offer within 24 hours, so you know your ceiling and can commit on the day.
If the lot is unmortgageable in its current state, a refurbishment or below-market-value buy, that is exactly what this finance is built for: the bridge funds the purchase now, you complete on time, then exit by refinancing onto a term mortgage or selling once works are done. We stress-test that exit first. We are a broker, not a lender, and we disclose every fee in writing before you commit.
Where Phillips Smith & Dunn sells
Property-auction markets we cover include:
Bidding at Phillips Smith & Dunn? Get finance ready in 24 hours
Tell us the lot and your exit. We come back with indicative terms in 24 hours and drive valuation and solicitors to completion.